The true northerner. [volume] (Paw Paw, Mich.) 1855-1920, 1887-04-06

In Montreal the current rate of in
terest has taken a sudden jump from 3 to Z
per cent
The Interstate Commerce Commits
sion has organized, with Judge Cooley for
Chairman. Secretary Lamar took the Com
missioners to his private room, where a notary
was waiting to swear them in, says Wash
ington special.
"Do you swear or affirm, gentlemen" asked
the notary I'm sometimes charged with
swearing" said Col. Morrison, as the oath was
administered None OF the members affirmed.
The papers were then signed. About this time
Bragg arrived and was sworn in. A few min
utes' talk was then INDUCED in until the SUBJ
ject of organization was preached. Morrison,
in a brief speech, named Judge Cooley for Chair
man, and the motion was seconded by Bragg.
1t was at once carried by the votes Of Morrison.
Bragg, Schoonmaker and Walker. The COM
mission will begin at once To formulate its ludg-
ment Of the law. No bridges will he crossed
until they are reached, and no theoretical in
terpretations constructions will be put
forth in answer to hypothetical questions.
When the commission acts on n given case il
will be known what its idea is Of like cases.
IL is said that about the first complaint con-
corning rates will be male against the Penn
sylvania Company. The schedule posted in the
depot here has conspicuous headline to the
effect that these are the Interstate commerce
rates the inference being that the law is
sponsible for the increases. Analyses of the
rates have been published here, showing
that the increases are considerable. IL is said
that the Penns vlvania Company has given the
new law the fullest study OF any railroad in the
country. and has fortified itself in the course it
has taken.
1t is believed that the branch of the
National Soldiers Home, authorized by the
last Congress, will be located in California
The Board of Managers will meet at New
York April 10
Captain Samuels, of the Dauntless,
ascribes the defeat of that boat by the Coro-
net to the interference of Mr.. Colt, owner of
the Dauntless. Captain Samuels and five of
the crow have left the latter yacht
Buffalo Bill sailed from New York
for London with a steamship-load of Indians
and wild anima
Reports have been received tending
to confirm the dispatch that the sealing steam
er Eagle wac wrecked on the Newfoundland
coast the vessel going to pieces on a reef.
There were 26J men on board, and it is be-
lieved that all persisted.
The business failures in the United
States of the three months of 1887, a. reported
by II. q. Dun q Co., numbered 3,0C7, against
3, 203 for the same quarter OF 1886 The COM
parative liabilities for the corresponding peri
dds were: 1887, $50, l6l 600; 1856, 500 6Sl, 0O0
The geographical distribution is somewhat un-
usual, the liabilities in the Middle States
amounting to ST., OOO, 600, showing an increase
of over So, 600 coo compared with 1886; and in
New York City they were 100000 against
s., 100000 last year In all other sections of
the country except the Middle States the fail
ures are fewer and much less than in previous
years. In Canada the failures for the first
quarter of 1887 were 1903, against $50 in 1886;
liabilities $3.50 1000, against S. AZ, 900 in
1886